Re:USA Facts – Federal, state, and local data from governmen...
by tertius on Tuesday April 18, 2017 @02:07PM
(#14141276)
> Seems like if people are willing to trade real assets for paper, we should do that as long as there are willing counterparties.
That's why it's a good thing. Because we don't want to run out of "as long as."
Re:USA Facts – Federal, state, and local data from governmen...
by pacaro on Tuesday April 18, 2017 @02:12PM
(#14141333)
Always running a surplus is presumably as bad a thing as always running a deficit, but if you can run a surplus On sunny days, then you don't need austerity measures on rainy days
Re:USA Facts – Federal, state, and local data from governmen...
by TillE on Tuesday April 18, 2017 @03:48PM
(#14142248)
Austerity measures are exactly the wrong strategy for "rainy days", no matter what your debts look like. See how the US bounced back fairly quickly from the 2008 crisis after the stimulus, while countries like the UK are still tightening their belts, because the cuts they've made to date have not had the desired effect.
Why is running a budget surplus necessarily a "good thing"?
Seems like if people are willing to trade real assets for paper, we should do that as long as there are willing counterparties.